To be clear from the onset: I will not oversimplify the unemployment (or inactivity) problem in the Western Balkan countries as solely due to a lack of skills in the population. Low employment rates result from both insufficient creation of jobs by enterprises and too-high a fraction of the workforce that is ill-equipped to take … Continue reading
Earlier today, Deutsche Bank’s Torsten Slok sent out this chart (right), which shows job growth by level of wages. Here’s what he has to say: “…over the past year we have seen a significant acceleration in the number of medium-wage jobs created. The bottom line is that the labor market continues to tighten and it … Continue reading
Americans’ perceptions of the job market are holding steady, with 30% saying now is “a good time to find a quality job,” matching the average since August. Although not positive on an absolute basis, that assessment is much brighter than was the case during periods of elevated unemployment from 2009 to 2012, including lows of … Continue reading
There was an annual increase in employment of 1.5% or 27,700 in the year to the third quarter of 2014, bringing total employment to 1,926,900. This compares with an annual increase in employment of 1.7% in the previous quarter and an increase of 3.2% in the year to Q3 2013. Summary points for Q3 2014 … Continue reading
According to StatsCan’s labour force survey, Canada created more than 117,000 jobs in the past two months, finally overcoming a long period of lacklustre job growth. Or did it? Another StatsCan survey — payroll employment, earnings and hours, released Thursday — shows Canada created zero net new jobs in September. In fact, it lost 600 … Continue reading
The number of people who applied for new unemployment benefits totaled fewer than 300,000 for the 10th straight week, reflecting the low level of layoffs in the U.S. as the economy continues to strengthen. Initial jobless claims fell by 2,000 to a seasonally adjusted 291,000 in the week ended Nov. 15, the Labor Department said … Continue reading
Working with Liberian authorities and the Gallup Organization, the World Bank surveyed more than 4,000 households using mobile phones. They found that nearly half the working population, especially agricultural workers in rural areas, is no longer working. Chosen excerpts by Job Market Monitor. Read the whole story at Half Of Liberian Workforce Not Working Due To … Continue reading
Another encouraging sign that the job market is healing: lots of people are writing resignation letters. 2.8 million Americans quit their jobs in September — that’s 300,000 more than in August and the highest number since April 2008. The quits rate — the number of people leaving their jobs as a share of all workers … Continue reading
Pound for pound, both in the short-term construction phase and in terms of average plantlifetime jobs, there’s far more skilled work to be had from renewables and energy efficiency. The UK Energy Research Council’s report, the most thorough independent analysis of available evidence to date, shows that renewable energy and energy efficiency investments are on … Continue reading
The share of UK jobs accounted for by full-time employees fell during the recession and has failed to recover, according to new analysis published today (Wednesday) by the TUC. The analysis shows that the share of full-time employee jobs was 64 per cent in 2008 and fell to 62 per cent in 2014. This is … Continue reading
Last week’s employment numbers showed employers adding 214,000 jobs in October. Revisions for September and August added 31,000 more jobs than originally estimated. Interestingly, what we once thought was a weak jobs report for August now shows we added 203,000 jobs, which means that we have had nine months of job growth above 200,000 for … Continue reading
A record number of people are currently employed. Dr John Philpott, director of The Jobs Economist This is the most encouraging set of labour market figures for several months, combining a return to strong employment growth (up 112,000 in the quarter) with a sharp fall in unemployment (down 115,000) and average weekly earnings growth of … Continue reading
Plans are underway to cut more than 20,000 jobs at 26 councils, a survey by the GMB union has found.The union says the cuts, coming on top of 900,000 public sector jobs lost since 2010, means that essential public services are being cut to the bone. Figures published by the Office of National Statistics show … Continue reading
Cycling industry employs more people than mining and quarrying with potential for a million jobs by 2020, says new study Europe’s cycling industry now employs more people than mining and quarrying and almost twice as many as the steel industry, according to the first comprehensive study of the jobs created by the sector. Some 655,000 … Continue reading
One alliance to boost veteran employment is on track by the end of 2014 to beat its own goal – by five years – of hiring at least 200,000 U.S. military veterans, according to a report released Monday commissioned by RAND and JPMorgan Chase. Known as the 100,000 Jobs Mission, the coalition consists of 179 … Continue reading